Summit Properties Limited Sale of Property (6810C)
June 19 2019 - 2:00AM
UK Regulatory
TIDMSMTP
RNS Number : 6810C
Summit Properties Limited
19 June 2019
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation.
Summit Properties Limited
(the "Company")
Sale of Property for EUR225 million
19 June 2019
Summit Properties Limited, the German commercial property
investment company, is pleased to announce that its subsidiary has
signed a binding agreement for the disposal of a German office
building for a consideration of EUR225.0 million, 7.9% above its
EUR208.6 million valuation as at 31 December 2018.
The property's annual rental income as of 31 December 2018
totaled EUR4.62 million p.a., reflecting a rental yield of
2.1%.
Completion of the transaction is expected at the end of
2019.
For further information please contact:
Summit Properties Limited Tel: +44 (0) 1481 700 300
Zohar Levy - Managing Director
Itay Barlev (Braun) - Finance Director
Non-Executive Chairman Tel: +44 (0) 20 7451 7050
Harry Hyman
Carey, Company Secretary Tel: +44 (0) 1481 700 300
Chris Le Page / Nikolett Mezei
Liberum Capital Limited, Nominated Adviser Tel: +44 (0) 20 3100 2222
and Joint Broker
Chris Clarke / Gillian Martin / Owen Matthews
Cenkos Securities, Joint Broker Tel: +44 (0) 20 7397 8900
Mark Connelly
Russell Kerr / Selwyn Jones (Broking)
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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